Quarterly ResultMay 7, 2026, 04:10 PM
Sumisho Air Lease Q1 Net Income $114.8M, EPS $1.02
AI Summary
Sumisho Air Lease reported first quarter 2026 financial results, with net income attributable to common stockholders decreasing 68.5% to $114.8 million, or $1.02 per diluted share. This decline was primarily due to a $332 million recovery of Russian fleet write-off in the prior year period. Total revenues remained relatively flat at $739.2 million, while adjusted net income before income taxes saw a slight decrease of 2.4% to $165.4 million. The company also highlighted the completion of its merger with Air Lease Corporation on April 8, 2026, and strong operational performance including 12 aircraft deliveries and a $5.6 billion sales pipeline.
Key Highlights
- Completed merger with Air Lease Corporation on April 8, 2026, becoming an indirect subsidiary of Sumisho Air Lease Corporation Designated Activity Company.
- Net income attributable to common stockholders decreased 68.5% to $114.8 million.
- Diluted earnings per share fell 68.7% to $1.02.
- Total revenues remained flat at $739.2 million.
- Adjusted net income before taxes decreased 2.4% to $165.4 million.
- Delivered 12 aircraft, investing $780 million, growing owned fleet to 496 aircraft.
- Maintained a sales pipeline of $5.6 billion, including $4.6 billion in letters of intent.
- Reported total liquidity of $4.1 billion as of April 30, 2026.